The Economic and Financial Crimes Commission (EFCC) has issued a directive prohibiting foreign missions based in Nigeria from conducting transactions in foreign currencies, mandating the […]
Category: Business
Business
U.S. Government Lauds Nigeria’s Monetary Policies, Commits to Partnership for Economic Growth
The United States government has praised Nigeria’s monetary policies, acknowledging their role in creating a conducive environment for businesses to thrive and in strengthening and […]
FBN Holdings Announces New Chairman for First Bank of Nigeria Ltd.
FBN Holdings Plc has announced the departure of Mr. Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of […]
Presidency Denies Microsoft Office Shutdown in Nigeria
Recent reports alleging that Microsoft is closing its Nigerian office have been refuted by the presidency. The news, which circulated widely online, claimed that Microsoft […]
Naira Depreciates at Official Market, Records Increased Daily Turnover
The Nigerian Naira experienced a depreciation in value at the official market on Tuesday, trading at N1,416.57 to the dollar. Data from the FMDQ Exchange, […]
CBN Unveils List of Nigeria’s 44 Licensed Banks, Reveals Industry Expansion
The Central Bank of Nigeria (CBN) has disclosed a detailed list of 44 licensed Deposit Money Banks operating across the country. This announcement was made […]
Binance CEO Condemns Detention of Executives in Nigeria, Calls it a Dangerous Precedent
Richard Teng, the CEO of cryptocurrency exchange Binance, has criticized Nigeria for setting a dangerous precedent by detaining its executives as part of a crackdown […]
NNPC Assures Nigerians of Adequate Petrol Supply, Warns Against Panic Buying
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it currently has over 1.5 billion litres of Premium Motor Spirit (PMS) petrol in stock, […]
Senate Sets Up Committee to Investigate Delay in Abuja Centenary Economic City Project
The Senate has established a seven-member ad-hoc committee to probe the factors hindering the completion of the $18.5 billion Abuja Centenary Economic City project, a […]
Tinubu Pledges to Boost Industrialization, Promote Affordable Local Vehicles
President Bola Tinubu has reaffirmed his commitment to implementing policies that will drive industrialization in Nigeria. In a meeting with the African Association of Automotive […]